Greenwave Q2 FY26 net loss narrows 34.09% to $3.24 million; revenue rises 45.47% to $16 million

Reuters2026/08/18 19:43

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Greenwave posted a net loss available to common stockholders of USD 3.24 million, narrowing 34.09% year over year.
Revenue rose 45.47% to USD 16 million, driven by higher metal revenue and lower hauling revenue.
Operating loss narrowed 38.8% to USD 2.85 million, despite operating expenses rising 31.66% to USD 8.91 million.
Gross profit more than doubled to USD 6.06 million on higher metal margins, partly offset by weaker hauling margins.
Cash was USD 654,987 at June 30, 2026; working capital deficit totaled USD 23.05 million, raising going-concern doubt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Greenwave Technology Solutions Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-038992), on August 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Greenwave Q2 FY26 net loss narrows 34.09% to $3.24 million; revenue rises 45.47% to $16 million

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